TNI reaffirms investment strategy in UAE

The National Investor (TNI), a leading merchant bank, clarified yesterday that the Abu Dhabi-based bank will continue to manage funds that have been structured, promoted and placed in the UAE.

Referring to earlier press reports, the bank said: "With respect to the TNI Funds that have been structured, promoted, placed, and successfully managed by TNI's Asset Management Division in the UAE, TNI is recognised for, and shall continue, managing such funds in accordance with best practices and with a view to maximising the opportunities to create wealth for its clients."

The bank said it intends to expand product offering to include additional offshore funds covering several Mena sectors.

"This strategy is driven in large part by the positive trend toward greater interest in the region from institutional and international investors," it said.

"Tremendous efforts have been made in terms of reforms and new regulations in the UAE, and we expect this trend to continue," the statement added.

"TNI, as a UAE-based investment banking company, looks forward to continuing its integral role in the success and growth of the UAE's capital markets during this exciting time of economic expansion of the local and regional economy," the bank said.

TNI is a privately owned regional investment banking group.